Shell Secures Approval from Australian Government for World's First Floating LNG Facility

BANGALORE, INDIA--November 17, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The Prelude Floating Liquefied Natural Gas (FLNG) Project, which was proposed by international oil and gas major Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), has received environmental clearance from Tony Burke, Australia's Minister for Environment. Burke said that he had approved the Browse Basin project, but under strict environmental conditions. He said, "While there are significant economic benefits to these projects, which must be a consideration in my decision, my focus has been on protecting environmental matters." He added, "We can't risk getting it wrong, so I have set very strict conditions to help ensure our precious marine environment will be protected." The approval decision was deferred four times, which delayed the process by six months.

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